Wednesday, June 26, 2019

Rio Tinto cutting big trenches

Rio Tinto’s huge trench-cutting equipment at the Project Falcon diamond site east of Prince Albert has passed trials. However, the results won’t be known for months.

The first of 10 bulk sampling holes has been drilled, to a depth of over 228 metres, on Star Diamond Corporation’s Star-Orion South site at Fort à la Corne. The on-site bulk sample processing plant won’t be assembled and commissioned until October. Then actual diamond results can be determined, likely by the end of the year.

Thursday, June 13, 2019

Alacer Gold Corp. - ASR.t

Alacer Gold Corp. - ASR.t flagship is the 80%-owned Çöpler Gold Mine in Turkey which commenced commercial gold production in April 2011.

2019 Production Guidance is 320,000 – 380,000 ozs at AISC of $675 to $725/oz

On June 13, 2019 the company released News

Commercial production has been achieved at Alacer Gold Corp.'s Copler sulphide plant, effective May 31, 2019. In declaring commercial production, the company evaluated several measures including throughput, gold recovery rate, production, costs and overall sulphide plant reliability. During May, the sulphide plant operated at design for the sulphide sulphur processed and averaged a throughput rate of over 80 per cent. Gold recovery was about 93 per cent, plant utilization was about 85 per cent, and over 22,000 ounces of gold were recovered with processing costs in line with expectations.

Sunday, June 9, 2019

Auryn Resources - AUG.t

Auryn Resources - AUG.t is focused on scalable high-grade gold deposits in established mining jurisdictions, which include the Committee Bay gold project located in Nunavut, the Homestake Ridge gold project in British Columbia and a portfolio of gold projects in southern Peru.

On June 4, 2019 the company released NEWS

Auryn Resources Inc. is pleased to announce that two additional targets have been identified at the Homestake Ridge Gold Project within the Golden Triangle in British Columbia, Canada. These targets are approximately 10km northeast and 3.5km south of the previously identified high-grade resource (125,000 oz. of 6.25 g/t Au, 1M oz. of 47.9 g/t Ag indicated and 932,000 oz. of 4 g/t Au and 21.2M oz. of 90.9 g/t Ag inferred 1)